Which of the Following Is True

question 269

Multiple Choice

Which of the following is true?

• A) For an inferior good, when income increases, the demand curve shifts leftward.
• B) If the price of a substitute rises, the demand curve shifts leftward.
• C) If people expect the price of a good will rise in the future, the demand curve shifts leftward.
• D) An increase in population shifts the demand curve leftward.
• E) An increase in the cost of producing a good shifts the demand curve leftward.

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Definitions:

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its goals efficiently and effectively.

Sustainability

The ability to maintain or improve the quality and longevity of a resource, practice, or system without depleting the contributing elements it requires.

Nonprofits

Entities designed to serve the public or community benefits without seeking commercial or monetary profits for their owners or stakeholders.

Services

Activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.